$XNY is retesting a major supply zone, and the recent recovery is starting to lose strength.
Trading Plan: Short $XNY
Entry: 0.0072 - 0.0075
SL: 0.0079
TP1: 0.0070
TP2: 0.0068
TP3: 0.0066
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. So far, buyers are struggling to extend the recovery above the current structure, while downside liquidity remains exposed below the recent lows.
If the supply zone continues to hold and bearish momentum strengthens, $XNY could rotate lower toward the next liquidity levels.
Manage risk carefully and avoid overleveraging. DYOR (Do Your Own Research).
Trading Plan: Short $XNY
Entry: 0.0072 - 0.0075
SL: 0.0079
TP1: 0.0070
TP2: 0.0068
TP3: 0.0066
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. So far, buyers are struggling to extend the recovery above the current structure, while downside liquidity remains exposed below the recent lows.
If the supply zone continues to hold and bearish momentum strengthens, $XNY could rotate lower toward the next liquidity levels.
Manage risk carefully and avoid overleveraging. DYOR (Do Your Own Research).